Aedifica SA

Share Issue/Capital Change • Dec 5, 2014

PRESS RELEASE Regulated information

5 December 2014 –9:45 CET

AEDIFICA

Public limited liability company Public regulated real estate company under Belgian law Registered office: avenue Louise 331-333, 1050 Brussels Enterprise number: 0877.248.501 (RLE Brussels) (the "Company")

Successful private placement of 456,917 Aedifica shares

Aedifica has been informed that the private placement of 456,917 Aedifica shares held by one of its shareholders (which led to the suspension of Aedifica shares from trading1 ) has been successfully completed by KBC Securities. The private placement represents a portion of the shares issued in the course of yesterday's partial demerger (4 December 2014), in relation to two sites located in Olen and Wetteren. This partial demerger led to a capital increase of approx. €23 million2 for Aedifica.

Moreover, Aedifica has been informed that the shares were placed amongst Belgian and international investors at a unit price of €52.5, i.e. with a 3.1% discount compared to yesterday's closing price (4 December 2014).

The English version of this press release constitutes a free translation of the text in the French language, made for information purposes only. In case of inconsistency with the French version or inaccuracy of the English translation, the French text shall prevail.

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¹ See press release of 4 December 2014 (17:45 CET). ² This transaction was announced in the press release of 15 October 2014 and confirmed in the press release of 4 December 2014.

PRESS RELEASE Regulated information

5 December 2014 – 9:45 CET

Aedifica is a public regulated real estate company under Belgian law specialised in residential property. Aedifica has developed a portfolio worth more than €800 million, focused on two strategic pillars:

• - senior housing in Belgium and Germany;
• - apartment buildings in Belgium's main cities.

Aedifica has been quoted on the Euronext Brussels (continuous market) since 2006 and is identified by the following ticker symbols: AED; AED:BB (Bloomberg); AOO.BR (Reuters).

The Company's market capitalisation was €569 million as of 28 November 2014.

Aedifica is included in the EPRA indices.

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